Roger Pielke Jr.'s Blog
Science, Innovation, Politics
13 January 2011
The Economies of US States
The Economist has this creative graph
, showing how the US states compare to various countries in terms of GDP (and population).
Colorado is compared to Thailand, but it could have also been Portugal. A big difference in comparing US states to other countries is that Colorado, like virtually every other states,
has to operate under a mandated balanced budget
. So even though Portugal and Colorado share similar size economies,
Portugal's economy matters far more in the global economy
than does the Colorado economy.
Roger Pielke, Jr.
1/13/2011 09:41:00 AM
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